Camping World (NYSE:CWH) Sees Large Volume Increase Following Analyst Upgrade

Shares of Camping World Holdings, Inc. (NYSE:CWH - Get Free Report) saw an uptick in trading volume on Tuesday after Truist Financial raised their price target on the stock from $26.00 to $28.00. Truist Financial currently has a buy rating on the stock. 2,465,392 shares traded hands during trading, an increase of 106% from the previous session's volume of 1,198,374 shares.The stock last traded at $23.46 and had previously closed at $23.25.

CWH has been the topic of several other research reports. KeyCorp upped their target price on shares of Camping World from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Raymond James upgraded shares of Camping World from a "market perform" rating to an "outperform" rating and set a $27.00 target price on the stock in a report on Wednesday, October 30th. Bank of America assumed coverage on Camping World in a research report on Thursday, December 19th. They issued a "buy" rating and a $30.00 target price on the stock. JPMorgan Chase & Co. restated a "neutral" rating and set a $24.00 price target (down from $25.00) on shares of Camping World in a research note on Monday, October 21st. Finally, Roth Mkm reiterated a "buy" rating and issued a $28.00 price objective (up previously from $26.00) on shares of Camping World in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.71.

Institutional Investors Weigh In On Camping World

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quest Partners LLC raised its position in shares of Camping World by 5,647.8% during the 3rd quarter. Quest Partners LLC now owns 1,322 shares of the company's stock valued at $32,000 after purchasing an additional 1,299 shares during the period. Blue Trust Inc. increased its stake in Camping World by 195.0% in the 4th quarter. Blue Trust Inc. now owns 1,534 shares of the company's stock worth $32,000 after buying an additional 1,014 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in Camping World by 33.4% during the fourth quarter. Ameritas Investment Partners Inc. now owns 5,546 shares of the company's stock valued at $117,000 after acquiring an additional 1,390 shares during the period. Truvestments Capital LLC purchased a new position in shares of Camping World in the third quarter valued at about $165,000. Finally, AlphaQuest LLC boosted its stake in shares of Camping World by 494.9% in the fourth quarter. AlphaQuest LLC now owns 7,865 shares of the company's stock worth $166,000 after acquiring an additional 6,543 shares during the period. Institutional investors own 52.54% of the company's stock.

Camping World Price Performance

The firm has a 50-day moving average of $22.35 and a 200-day moving average of $22.50. The stock has a market cap of $1.93 billion, a PE ratio of -32.96, a PEG ratio of 1.00 and a beta of 2.49. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19.

Camping World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Friday, December 13th. Camping World's payout ratio is currently -72.46%.

Camping World Company Profile

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.